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J. Crew Gets $130 Million in Rent Concessions

Nearly 95% of Retailer’s Stores Have Reopened Since Pandemic-Related Closings Earlier This Year
J. Crew’s store in Santa Monica, California, is one of the locations the apparel retailer plans to keep open. (CoStar)
J. Crew’s store in Santa Monica, California, is one of the locations the apparel retailer plans to keep open. (CoStar)
By Jennifer Waters
CoStar News
August 11, 2020 | 7:51 P.M.

J. Crew, the first major national retailer to file for Chapter 11 bankruptcy protection as a result of the pandemic, said it gained $130 million in landlord rent concessions that better position the company for long-term growth.

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